Stoploss on Underlying of an Option


I want to know if there’s any way we can place stoploss on underlying’s price instead of the actual option price while trading options.

E.g., If I buy Banknifty Put option, I put up a GTT that when Banknifty crosses 38000 next, my GTT gets triggered with whatever the corresponding option price is at that moment.

Not possible with broker front end platforms. You will have to go through the API route.